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FBN’s Adam Shapiro on Massachusetts fining Morgan Stanley $5M over the Facebook IPO.
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I'm Adam Schapiro here Fox Business -- the Financial Times reports roughly three dozen bankers and senior managers.
We'll be implicated in the rigging of Libor interest rates when UBS settles and local regulators later this week.
UBS is close to finalizing a deal with authorities in the United States the UK and Switzerland in which the bank will pay roughly one and a half billion dollars.
Morgan Stanley is paying a five million dollar fine to the state of Massachusetts.
Over Facebook's IPO the complaint against the banking giant cited improper influence.
Bankers over Wall Street analysts Morgan Stanley issued a statement to Fox Business saying its pleased to have reached a settlement and put the matter behind him.
And American drivers are getting more relief at the pump as gas prices dropped to their lowest level of the year according to triple a.'s daily fuel gauge the national average.
Is now three dollars and 25 cents -- gallon.
